Poverty reduction in LDC through clean energy, environmental sustainability and fostering Innovation: A path towards SDG achievement

Abstract

This paper explores the interdependent role of renewable energy, environmental policies and technological innovation in poverty reduction in Least Developed Countries (LDCs). This study uses econometric analyses to investigate how renewable energy adoption and low-carbon transitions can alleviate energy poverty while contributing to sustainable development consistent with the Sustainable Development Goals (SDGs). The findings show that energy accessibility is supported by clean energy initiatives and innovation-driven policies, as well as economic resilience and environmental protection. This study offers policy and development agency actionable insights for the capitalization on sustainable practices for poverty reduction by leaning on renewable energy and technological progress to deliver both economic and environmental development in LDCs.